Mortgage payment estimates, closing cost breakdowns, and homebuying data for Saco, Maine.
Pre-filled with Saco median home price and Maine tax/insurance rates. Adjust for your property.
Estimated closing costs based on Maine rates and fees applied to Saco prices.
The median home price in Saco is $395,000, 13% above the Maine state median of $350,000. With a population of 20,381, Saco is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Maine average 1.3% annually. This moderate property tax rate means a $395,000 home in Saco would carry roughly $428/month in property taxes. Homeowners insurance in Maine runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Saco is $1,450/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Saco presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.